DMC Global Q2: record sales $188.7M, adj EPS $0.72; new CEO Kuta

DMC Global Inc.

2023-Q2 EPS reported $0.69 revenue$373,005,000

Net sales $188.7M (+14% YoY GAAP); net income $17.5M; adjusted diluted EPS $0.72 (vs $0.29 YoY).
Adjusted EBITDA attributable to DMC a record $31.8M (up 42% YoY); all three segments >20% adjusted EBITDA margin.
Arcadia sales $79.2M (flat seq); DynaEnergetics $84.8M (record DS perforating unit sales); NobelClad $24.8M (+12% seq).
Q3 2023 guidance: consolidated sales $178-188M; adjusted EBITDA attributable $24-27M; gross margin 29-30%.
Michael Kuta appointed President and CEO, effective August 7, 2023, succeeding former interim co-CEO arrangement.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DMC Global Inc. reported financial results for the quarter ended June 30, 2023.

Period: the quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On August 8, 2023, DMC Global Inc., a Delaware corporation (the “Company”), issued a press release announcing its financial results for the quarter ended June 30, 2023.

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Source: SEC EDGAR

accession 0000034067-23-000127

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